Vanguard Emerging Correlations

Mutual Funds . USA . 
Fund . Vanguard Emerging Markets
VEMAX Fund  USD 45.35  0.14  0.31%   
The current 90-days correlation between Vanguard Emerging Markets and Vanguard Developed Markets is 0.55 (i.e., Very weak diversification). The correlation of Vanguard Emerging is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Vanguard Emerging Correlation With Market

Very weak diversification

The correlation between Vanguard Emerging Markets and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vanguard Emerging Markets. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Vanguard Mutual Fund

  0.61VMIAX Vanguard Materials IndexPairCorr
  0.9VMLUX Vanguard Limited TermPairCorr
  0.91VMLTX Vanguard Limited TermPairCorr
  0.83VMNVX Vanguard Global MinimumPairCorr
  1.0VMMSX Vanguard Emerging MarketsPairCorr
  0.79VMNIX Vanguard Market NeutralPairCorr
  0.79VMNFX Vanguard Market NeutralPairCorr
  0.91VMSIX Vanguard Multi SectorPairCorr
  0.84VMVAX Vanguard Mid CapPairCorr
  0.86VMVIX Vanguard Mid CapPairCorr
  0.83VMVFX Vanguard Global MinimumPairCorr
  0.91VMVLX Vanguard Mega CapPairCorr
  0.89VNJUX Vanguard New JerseyPairCorr
  0.88VNJTX Vanguard New JerseyPairCorr
  0.9VNYTX Vanguard New YorkPairCorr
  0.9VNYUX Vanguard New YorkPairCorr
  0.89VOHIX Vanguard Ohio LongPairCorr
  0.92VPADX Vanguard Pacific StockPairCorr
  0.92VPACX Vanguard Pacific StockPairCorr
  0.95VPCCX Vanguard PrimecapPairCorr
  0.89VPALX Vanguard PennsylvaniaPairCorr
  0.89VPAIX Vanguard PennsylvaniaPairCorr
  0.92VPKIX Vanguard Pacific StockPairCorr
  0.96VPMCX Vanguard PrimecapPairCorr
  0.96VPMAX Vanguard PrimecapPairCorr
  0.89NAESX Vanguard Small CapPairCorr
  0.95VQNPX Vanguard Growth AndPairCorr
  0.64VRTPX Vanguard Reit IiPairCorr
  0.66VADGX Vanguard Advice SelectPairCorr
  0.92VAGVX Vanguard Advice SelectPairCorr
  0.89VAIGX Vanguard Advice SelectPairCorr
  0.81VAIPX Vanguard Inflation-protecPairCorr
  0.9VSCIX Vanguard Small CapPairCorr
  0.96VSCGX Vanguard LifestrategyPairCorr
  0.89VSCPX Vanguard Small CapPairCorr
  0.9VSCSX Vanguard Short TermPairCorr
  0.86VSBIX Vanguard Short TermPairCorr
  0.88VSBSX Vanguard Short TermPairCorr
  0.92VSEQX Vanguard Strategic EquityPairCorr
  0.98VASGX Vanguard LifestrategyPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Emerging Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Vanguard Emerging's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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